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Sterling gained against the euro after mixed UK activity data and fell against the yen. The article says the pound has been supported by better-than-expected economic data, a new government, and a Bank of England slower to cut rates than peers.
Currency moves of this kind have little direct effect on feed commodity supply or demand. They matter only marginally through dollar-based price competitiveness.
reuters.comAlun JohnJul 24, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
